- Report: #1152153
Complaint Review: Essex Motors - Longmont Colorado
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Author Not Confirmed
Why?
Essex Motors
131 S Main St Longmont, 80501 Colorado, USA
Phone:
303-678-0300
Web:
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Business Rating:
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Essex Motors rude,crude,no service,predatory car sales company,crooks Longmont Colorado
My credit is not good so this predatory auto sales company ripped me off with an outrageous interest rate of 21% for an auto loan. This is one rude, crude company with no customer service kills. Claims to be a family owned business, I wouldn't want to be a part of this company that preys on people who need a helping hand the most. Start fro the horses mouth charges such outrageous interest rates to make up losses that he claimed were 30%. Wonder why people don't pay? Could it be becuase if the outrageous interest amount and the outrageous payment amounts? This kind of company should not be in business or allowed to do business and should be fined severly for doing these things to their customers. Shame on them. How is this helping someone whp really needs it?
How can this family sleep at night? I wouldn't want ot be in their shoes when judgment day comes. This is the way they feel they should treat people. Maybe they will know how it feels when they are out of business when the State I hope will step up and take their license as they don't deserve to do business. Please post this on your facebook account, twitter, tell your family and friends and anyone you can think of. They deserve to be out of business if not in jail.
1 Updates & Rebuttals
coast
Florida,You are a credit risk
#2Consumer Comment
Thu, June 05, 2014
Borrowers with poor credit are a higher risk for late payments and default; therefore, lenders charge a higher interest rate. I suppose you defaulted on the loan or you wouldn’t have posted this complaint. 21% is a high rate of interest but it is not a rip-off because you agreed to the terms.
The state will penalize them if they violate your state’s usury laws but that’s unlikely to be the case.
Your high interest rate is due to your failure to honor your prior financial obligations.
